IE
S.I. No. 321/1985 - Great Northern Railway Company (Ireland) Pension Fund For Wages Staff (Amendment) Scheme (Confirmation) (No. 2) Order, 1985.
Statutory Text (4 Articles)
1. This Order may be cited as the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff (Amendment) Scheme (Confirmation) (No. 2) Order, 1985.
2. (1) In this amending Scheme unless otherwise expressly stated words and expressions used shall have the meanings assigned to them by the existing Scheme.
(2) Wherever, in this amending Scheme, reference is made to a right to pension having accrued it is intended that such right accrues when the member, being then entitled to a Full Pension or a Reduced Pension, leaves the employment of the Board.
3.
Continuation of the existing Scheme
(1) The benefits provided by the existing Scheme shall continue to be paid or be payable under and in accordance with the terms thereof and without alteration to every former employee whose right to a pension of any kind accrued prior to the 1st of March, 1985 and to the personal representative of any deceased pensioner if the deceased's right to pension accrued prior to 1st of March, 1985.
(2) Nothing in this amending Scheme shall affect the rights of any of the persons mentioned in the previous sub-article, nor shall this amending Scheme affect any subsisting right accrued to or liability incurred by any person under the existing Scheme prior to 1st of March, 1985.
4.
Amendment of the existing Scheme
(1) Subject to the provisions of Article 3 of this amending Scheme, the existing Scheme shall be amended so as to conform to the provisions hereinafter contained, and every provision of the existing Scheme which is inconsistent with the provisions hereinafter contained shall cease to have effect.
(2) The increased contributions and benefits provided for by this amending Scheme are, where applicable, in substitution for the corresponding contributions and benefits provided for by the existing Scheme.
5.
Rate of Contribution
The Tables of Rates of Contributions in Article 4 of the Schedule to
Statutory Instrument No. 291 of 1977
shall be deleted and the following Table substituted therefor:—
Basic Weekly Wage
Member's Weekly Contribution
£
£
Not exceeding85.00
2.07
Not exceeding90.00
2.22
Not exceeding95.00
2.37
Not exceeding100.00
2.52
Not exceeding105.00
2.67
Not exceeding110.00
2.82
Not exceeding115.00
2.97
Not exceeding120.00
3.12
Not exceeding125.00
3.27
Not exceeding130.00
3.42
Not exceeding135.00
3.57
Not exceeding140.00
3.72
Not exceeding145.00
3.87
Not exceeding150.00
4.02
Not exceeding155.00
4.17
Not exceeding160.00
4.32
Not exceeding165.00
4.47
Not exceeding170.00
4.62
Exceeding 170.00
4.77
6.
Full Pension
The full pensions (including alternative full pension) and the total payments set out in Table A hereunder shall be substituted for the like pensions and total payments set out in Table A of the existing Scheme as inserted by Article 5 of the Schedule to
Statutory Instrument No. 291 of 1977
in respect of any pension the right to which accrues on or after the operative date.
TABLE A
Basic Weekly Wage
Weekly Pensions
Total Payments
For Life
Alternative Rate
For 5 Years (Age 65 to 70)
Thereafter for Life
(1)
(2)
(3)
(4)
(5)
£
£
£
£
£
MALE
MEMBERS
Not exceeding
85.00
16.50
16.93
16.18
4,290.00
Not exceeding
90.00
17.50
17.93
17.18
4,550.00
Not exceeding
95.00
18.50
18.93
18.18
4,810.00
Not exceeding
100.00
19.50
19.93
19.18
5,070.00
Not exceeding
105.00
20.50
20.93
20.18
5,330.00
Not exceeding
110.00
21.50
21.93
21.18
5,590.00
Not exceeding
115.00
22.50
22.93
22.18
5,850.00
Not exceeding
120.00
23.50
23.93
23.18
6,110.00
Not exceeding
125.00
24.50
24.93
24.18
6,370.00
Not exceeding
130.00
25.50
25.93
25.18
6,630.00
Not exceeding
135.00
26.50
26.93
26.18
6,890.00
Not exceeding
140.00
27.50
27.93
27.18
7,150.00
Not exceeding
145.00
28.50
28.93
28.18
7,410.00
Not exceeding
150.00
29.50
29.93
29.18
7,670.00
Not exceeding
155.00
30.50
30.93
30.18
7,930.00
Not exceeding
160.00
31.50
31.93
31.18
8,190.00
Not exceeding
165.00
32.50
32.93
32.18
8,450.00
Not exceeding
170.00
33.50
33.93
33.18
8,710.00
Exceeding
170.00
34.50
34.93
34.18
8,970.00
For 10 years (Age 60 to 70)
Thereafter for Life
FEMALE
MEMBERS
Not exceeding
85.00
11.07
11.22
10.85
2,878.00
Not exceeding
90.00
11.75
11.90
11.53
3,055.00
Not exceeding
95.00
12.42
12.57
12.20
3,229.00
Not exceeding
100.00
13.10
13.25
12.88
3,406.00
Not exceeding
105.00
13.77
13.92
13.55
3,580.00
Not exceeding
110.00
14.45
14.60
14.23
3,757.00
Not exceeding
115.00
15.12
15.27
14.90
3,931.00
Not exceeding
120.00
15.80
15.95
15.58
4,108.00
Not exceeding
125.00
16.47
16.62
16.25
4,282.00
Not exceeding
130.00
17.15
17.30
16.93
4,459.00
Not exceeding
135.00
17.82
17.97
17.60
4,633.00
Not exceeding
140.00
18.50
18.65
18.28
4,810.00
Not exceeding
145.00
19.17
19.32
18.95
4,984.00
Not exceeding
150.00
19.85
20.00
19.63
5,161.00
Not exceeding
155.00
20.52
20.67
20.30
5,335.00
Not exceeding
160.00
21.20
21.35
20.98
5,512.00
Not exceeding
165.00
21.87
22.02
21.65
5,686.00
Not exceeding
170.00
22.55
22.70
22.33
5,863.00
Exceeding
170.00
23.22
23.37
23.00
6,037.00
7.
Reduced Pension
(1) Sub-article (1) of Article 9 of the Schedule to
S.I. No. 53 of 1962
shall be amended in the following manner
(i) the words "twenty years" shall be deleted and the words "ten years" substituted therefor;
(ii) the words "at any time within ten years of reaching the normal age of retirement" shall be deleted together with the punctuation marks preceding and following the same;
(iii) the words "calculated as follows" and paragraphs (a) and (b) shall be deleted and replaced by "calculated in accordance with Article 5 of the Schedule to
Statutory Instrument No. 50 of 1965
.".
(2) If a member of this Scheme, being currently absent from duty on account of illness on the operative date, so elects and the Board at its discretion so agrees, sub-article (1) of Article 9 of the Schedule to
S.I. No. 53 of 1962
in its application to him during and upon the termination of his said absence from duty shall be unaffected by this amending Scheme.
8.
Death of Employee
Article 11A introduced by
Statutory Instrument No. 9 of 1967
shall be deleted and the following substituted:—
"11A.
Death of Employee
If a member dies while in the service of the Board and before retiring on pension, a lump sum shall be paid to his personal representative calculated at 52 times the basic weekly wage of which the member was in receipt at the date of his death or immediately prior to the commencement of sickness benefit as the case may be. The said lump sum shall be reduced by the amount of any mortality grant paid or payable out of the Board's Welfare Scheme for Regular Wages Staff and the member's contributions to the Fund shall not be returned.".
9.
Refund of Contributions
In sub-article (1) of Article 11 of the Schedule to
Statutory Instrument No. 53 of 1962
the words "or due to his death in service" shall be inserted after the words "in accordance with Article 10".
GIVEN under my Official Seal, this 30th day of September, 1985.
JIM MITCHELL,
Minister for Communications.
EXPLANATORY NOTE.
The purpose of the Order is to confirm a scheme to amend the existing pension scheme so as to provide for increased pensions and improved benefits for certain members of the scheme.
3. The amending Scheme is hereby confirmed and shall be deemed to have come into operation on the operative date specified in the Schedule to this Order.
SCHEDULE
GREAT NORTHERN RAILWAY COMPANY (IRELAND) PENSION FUND FOR WAGES STAFF (AMENDMENT) SCHEME, 1985
1.
Definitions
In this amending Scheme "the existing Scheme" means the Pension Fund for Wages Staff mentioned in the Schedule to the Agreement scheduled to the
Great Northern Railway Act, 1958
(No. 20 of 1958) as amended by amendment schemes confirmed by Statutory Instruments numbered 53 of 1962, 50 of 1965, 9 of 1967, 60 of 1969, 81 of 1971, 251 of 1974, 291 of 1977, 76 of 1980, 183 of 1982 and 290 of 1985.
"Operative date" means the 1st day of March, 1985 for the implementation of Articles 5, 6, 7 (1) (iii), 8 and 9 hereof and the date of the Order confirming this amending Scheme for the implementation of Articles 7 (1) (i) and (ii), and 7 (2) hereof.
S.I. No. 321 of 1985.
GREAT NORTHERN RAILWAY COMPANY (IRELAND) PENSION FUND FOR WAGES STAFF (AMENDMENT) SCHEME (CONFIRMATION) (NO. 2) ORDER, 1985.
I, JIM MITCHELL, Minister for Communications, in exercise of the powers conferred on me by
section 44
of the
Transport Act, 1950
(No. 12 of 1950), and the
Ministers and Secretaries (Amendment) Act, 1983
(No. 40 of 1983), hereby, after consultation with the Minister for the Public Service, order as follows